Botanix bet big on ‘Bitcoin DeFi.’ Its shutdown suggests users never cared

Jun 11, 2026 - 01:00
Botanix bet big on ‘Bitcoin DeFi.’ Its shutdown suggests users never cared
Bitcoin layer-2 network Botanix is being wound down a year after its mainnet went live. The project cited market conditions and broader indifference within the cryptocurrency industry towards establishing greater utility on the Bitcoin network, in a post on X on Tuesday. “It did not work,” Botanix summed up. “At least not in this market...

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